Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada - 2024
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada (CIF) - 2024
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada (FOB) - 2022
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada
- Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada (CIF) - 2024
The average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) stood at $13,730 per ton in January 2024, which is down by -29.9% against the previous month. Overall, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 202% against the previous month. As a result, import price attained the peak level of $59,031 per ton. From May 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($39,482 per ton), while the price for India ($8,284 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada (FOB) - 2022
In 2022, the average export price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $16,491 per ton, picking up by 8.3% against the previous year. Overall, the export price saw strong growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 95%. Over the period under review, the average export prices attained the maximum at $18,523 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +4.0% per year.
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada
Imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) into Canada fell sharply to 263 tons in 2022, waning by -32.5% against the year before. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports attained the peak of 390 tons, and then declined dramatically in the following year.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) reduced rapidly to $5.8M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of $6.9M, and then fell rapidly in the following year.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,883 | 1,330 | 2,127 | 2,154 | 4.6% |
| Mexico | 1,492 | 360 | 102 | 1,075 | -10.4% |
| India | 211 | 191 | 704 | 915 | 63.1% |
| China | 557 | 1,054 | 1,961 | 846 | 14.9% |
| South Korea | 180 | 267 | 665 | 310 | 19.9% |
| France | 28.1 | 99.3 | 642 | 242 | 105.0% |
| Hong Kong SAR | N/A | 282 | 369 | 125 | -33.4% |
| Others | 402 | 236 | 340 | 147 | -28.5% |
| Total | 4,753 | 3,819 | 6,909 | 5,814 | 6.9% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to Canada in 2022:
- United States (79.4 tons)
- Mexico (71.1 tons)
- India (45.0 tons)
- China (37.0 tons)
- South Korea (13.2 tons)
- Hong Kong SAR (8.6 tons)
- France (5.8 tons)
Exports of Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada
Exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) from Canada reduced remarkably to 38 tons in 2022, falling by -36.4% against 2021 figures. In general, exports faced a precipitous slump. The smallest decline of -15.9% was in 2020.
In value terms, exports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) reduced sharply to $628K in 2022. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of -10.1% was in 2020.
| Export of Cupro-Nickel and Nickel Silver Tubes and Pipes in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,186 | 1,066 | 883 | 625 | -19.2% |
| China | 74.6 | 67.4 | 28.5 | N/A | -38.2% |
| Others | 1.6 | 1.1 | 0.1 | 3.3 | 27.3% |
| Total | 1,262 | 1,135 | 912 | 628 | -20.8% |
Top Export Markets for Cupro-Nickel and Nickel Silver Tubes and Pipes from Canada in 2022:
- United States (37.6 tons)
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